Berkshire Bancorp (BERK) Short Interest Ratio & Short Volume

Short interest is the volume of Berkshire Bancorp shares that have been sold short but have not yet been closed out or covered. As of October 31st, traders have sold 3,600 shares of BERK short. Learn More on Berkshire Bancorp's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. BERK shares currently have a short interest ratio of 1.0. Learn More on Berkshire Bancorp's short interest ratio.

Berkshire Bancorp saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 3,600 shares, an increase of 1,100.0% from the previous total of 300 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the industry of "regional banks" compare to Berkshire Bancorp: The PNC Financial Services Group, Inc. (1.26%), Truist Financial Co. (2.03%), M&T Bank Co. (2.49%), Fifth Third Bancorp (2.92%), First Citizens BancShares, Inc. (3.70%), Huntington Bancshares Incorporated (3.64%), Regions Financial Co. (5.71%), KeyCorp (2.50%), East West Bancorp, Inc. (3.71%), First Horizon Co. (2.78%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Corporation ($3.81 billion), Charter Communications, Inc. ($3.04 billion), T. Rowe Price Group, Inc. ($1.98 billion), Pacific Gas & Electric Co. ($1.92 billion), Lucid Group, Inc. ($1.90 billion), Coinbase Global, Inc. ($1.75 billion), Roblox Corporation ($1.58 billion), Rivian Automotive, Inc. ($1.54 billion), Diamondback Energy, Inc. ($1.53 billion), and Old Dominion Freight Line, Inc. ($1.47 billion). View all of the most shorted stocks.

Short selling BERK is an investing strategy that aims to generate trading profit from Berkshire Bancorp as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Berkshire Bancorp occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of BERK, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including BERK, twice per month. The most recent reporting period available is October, 31 2022.